Bank of Maharashtra shares gain 4% as Q2 net profit jumps 23%; NII over 15%

Shares of Bank of Maharashtra gained as much as 4.3% to their day’s high of Rs 57.40 on the NSE on October 15 after the lender reported a 23% on-year rise in net profit at Rs 1,633 crore during the September quarter, with Net Interest Income (NII) up 15.71% on-year to Rs 3,248 crore.

Operating profit saw a growth of 16.91% year-on-year to Rs 2,574 crore for Q2FY26, compared to Rs 2,202 crore for Q2FY25, the company’s investor presentation on October 14 showed.

Return on Assets (RoA) improved to 1.82% for Q2FY26 against 1.74% for Q2FY24 and 1.80% for Q1FY25. Return on Equity (RoE) stood at 22.58% for Q2FY26, compared to 26.01% for Q2FY25.

Total Business grew by 14.20% year-on-year to Rs 5,63,909 crore. Total Deposits increased by 12.13% year-on-year to Rs 3,09,791 crore. The bank’s asset quality improved year-on-year, with gross NPAs declining to 1.72% from 1.84% and net NPAs easing to 0.18% from 0.20%.

Provision Coverage ratio stood at 98.34% as on September 30, 2025 as against 98.36% as on September 30, 2024, and 98.36% as on June 30, 2025.

Total Basel III Capital Adequacy Ratio improved to 18.13% with a Common Equity Tier 1 (CET1) ratio of 14.05%.For the half-year ended September 30, 2025, the bank reported a strong improvement in profitability. Net profit rose by Rs 606 crore year-on-year to Rs 3,226 crore, compared with Rs 2,620 crore in the same period last year. Operating profit grew 14.41% year-on-year to Rs 5,144 crore from Rs 4,496 crore, while net interest income (NII) increased 16.65% year-on-year to Rs 6,539 crore from Rs 5,606 crore.Fee-based income also saw a modest rise of 3.46% YoY to Rs 836 crore, up from Rs 808 crore. The cost-to-income ratio improved to 37.34%, compared with 38.34% in the previous year. Additionally, return on assets (ROA) strengthened to 1.81% from 1.73% YoY, reflecting better operational efficiency and profitability. Return on equity (ROE) also showed an improvement during the period.

At about 9:55 am, shares of the company were trading at Rs 57, higher by 3.42% from the last close on the NSE. The Bank of Maharashtra stock is up 24% in the last six months.

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